Posted on 11/18/2013 5:40:14 AM PST by Errant
This ain’t 1980 when preparing for an economic collapse would have been laughed at...
Betcha my lead is better than your gold and you’ll be happier to trade yours for your life, besides a lot of prepper’s gold could very well be fool’s gold.
Who’s to say I won’t have lead backing up my gold? You are fool to think otherwise. Come get it.
I love a dreamer. :-)
I’m waiting for it to get to $6.49 :-)
Various large, international financial entities telegraphed a desire to drive gold to $1,200 months ago, I recall commenting upon it here, suggesting that holding gold might not be the best strategy in light of such baldly stated intent coming from those with an ability to follow through and actually do it. And, here we are. Almost there.
If either of you all live in Texas, take the family out for a vacation in the Permian basin out near midland or in the Eagle Ford formation south of San Antonio.
I think you’ll find that nobody there is even a little bit gloomy.
There are a dozen other places like that in the USA right now.
There was plenty of talk of an economic collapse in 1980. Inflation was so high you could buy a bond for 19%.
The Chinese are going ape...
“There was plenty of talk of an economic collapse in 1980. Inflation was so high you could buy a bond for 19%.”
In 1980 we didn’t have a $16 trillion dollar debt, millions of foreclosed homes sitting empty all over the country, 50% of the population not paying taxes, 49% on federal assistance, most of our manufacturing offshore, 11-20 million illegals and we also didn’t have a muzzie loving commie in the Oval Office. We had Jimmah and that was bad enough.
I was a mortgage loan underwriter for many years and I watched Texas go boom and bust more than a few times. Thats the nature of the oil bidness.
Silver dimes, silver quarters, half dollars and the beautiful silver dollars will never be hard to get rid of.
Now is the time to buy.
You are right.
Those can be had at face value?
Won’t be me. We’ll be content to living off the land.
You can count on some who will and probably will dry gulch you and it won’t be holders people, they’ll be long gone or deep hiding shortly after its time for gold.
Yeah, those were the good ol' days. I remember paying 17% interest on a short term loan for raw land and $6,500 for a brand new Ford 4x4. Today a nice truck can cost $65,000 but at zero interest and the interest you get on a savings account isn't worth taking the time it takes to do the paperwork. Are we messed up or what?
In 1980 we didn’t have a $16 trillion dollar debt, millions of foreclosed homes sitting empty all over the country, 50% of the population not paying taxes, 49% on federal assistance, most of our manufacturing offshore, 11-20 million illegals and we also didn’t have a muzzie loving commie in the Oval Office. We had Jimmah and that was bad enough.
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all true.
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I was a mortgage loan underwriter for many years and I watched Texas go boom and bust more than a few times. Thats the nature of the oil bidness.
So oil is in boom times right now. You have to figure that it’ll run 5-10 more years before falling prices kill the business. ... as falling prices always have killed off the boom years.
But here’s deal. Falling oil prices — while bad for the oil business — are pure oxygen for the rest of the economy. Texas these days is pretty well diversified. So 5-10 years from now when oil prices fall hard—the oil patch will fall on hard times — but the rest of the Texas economy and the rest of the USA will catch fire.
Now I’m making just a narrow point here. The narrow point is that — while there’s a lot of bad things out there — one of them is not the future prospects of the USA economy.
The US economy will do just fine despite the Obama people’s best efforts to kill it.
Spot on....these are different times (unprecedented oppression). You’ve hit the nail on the head.
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Because there are so many dollars it will be easy to fail.
Ask the people in Germany how many wheel barrow loads of Marks it took to buy a load of bread. One tiny sliver of silver will always be able to buy a load of bread.
Are we messed up or what?
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yeah, this country is messed up right now.
Hammering the price of gold hard, while artificially pumping up the stock market. Not a good, or viable, long term solution. Excellent buying opportunity, though.
Are we messed up or what?
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yeah this country is confused right now.
But don’t confuse that with the price of gold.
Gold has nowhere to go but down.
No, they are not available at face value, but you can look at “coinflation.com” for a fair value.
You’ll pay a bit of a premium above their metal value to get them, but it’s not too bad.
The beauty of “junk” silver is that they content and value of the coin is/will be well recognized.
A 64 quarter should get you a gallon of gas, a couple of loaves of bread, or a gallon of milk, etc.
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